FY2024 Earnings Forecast for EVE Issued By Cantor Fitzgerald

Eve Holding, Inc. (NYSE:EVEX - Free Report) - Investment analysts at Cantor Fitzgerald raised their FY2024 earnings per share (EPS) estimates for shares of EVE in a report issued on Tuesday, November 5th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings of ($0.50) per share for the year, up from their prior forecast of ($0.52). Cantor Fitzgerald currently has a "Overweight" rating and a $5.00 target price on the stock. The consensus estimate for EVE's current full-year earnings is ($0.49) per share.

Separately, HC Wainwright began coverage on EVE in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $6.00 target price for the company.

EVE Stock Up 1.7 %

NYSE:EVEX traded up $0.05 during trading hours on Friday, reaching $2.97. The company had a trading volume of 171,310 shares, compared to its average volume of 135,547. EVE has a twelve month low of $2.33 and a twelve month high of $7.57. The company has a quick ratio of 3.87, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a market cap of $861.72 million, a price-to-earnings ratio of -6.08 and a beta of 0.37. The business's 50-day simple moving average is $3.09 and its two-hundred day simple moving average is $3.73.

EVE (NYSE:EVEX - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.01. During the same period in the prior year, the firm earned ($0.11) EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVEX. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of EVE in the 3rd quarter worth about $40,000. SG Americas Securities LLC bought a new position in shares of EVE in the third quarter valued at approximately $35,000. Blair William & Co. IL bought a new position in shares of EVE in the second quarter valued at approximately $190,000. Finally, Vanguard Group Inc. boosted its position in shares of EVE by 7.1% during the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company's stock valued at $2,796,000 after buying an additional 34,484 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.